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I got done reading The Millionaire Fastlane about a week or two ago. In there MJ talks about NOT taking part in the 401K. He makes an excellent point that Warren Buffet does not have a 401K.
So, my question is, as the owner of a company that’s doing pretty well (not millionaire status, not even close, but living very comfortably), should I keep my 401K or toss it in the wind and use that money to invest in other vacation/short term rental properties (my second business, of which I currently have two vacation properties) or other investments.
So, my question is, as the owner of a company that’s doing pretty well (not millionaire status, not even close, but living very comfortably), should I keep my 401K or toss it in the wind and use that money to invest in other vacation/short term rental properties (my second business, of which I currently have two vacation properties) or other investments.
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